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2053 Linden Ave 4 Unit Apartment Building $399,000 ($99,750/Unit) Memphis, TN 38104
Investment Highlights
- Midtown Memphis
- Great for Owner Occupant
- Surrounded by Single Family Homes
Executive Summary
This 4 unit multifamily property is fully occupied with a consistent rental history. Recent upgrades include new facade, new windows and a newer roof. Units have high ceilings, hardwood floors and architectural detail. Walkable location near retail and dining. Prime Midtown Memphis submarket. Value add opportunity with upside in rents. Units are individually metered. The current gross income is 46,080 annually and 3840 per month. Drive by only. Please do not disturb residents.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $750.00 | 450 |
| 1+1 | 3 | $1,060 | 510 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-6064-0-0013 | Total Assessment | $74,720 (2025) |
| Land Assessment | $29,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $45,520 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
01-6064-0-0013
Land Assessment
$29,200 (2025)
Improvements Assessment
$45,520 (2025)
Total Assessment
$74,720 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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2053 Linden Ave
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